Pricey buddies, women and gentlemen:
We’ve got bought our house and will depart Grenada in a couple of days. So, it’s time to say, “good bye”. I thank lots of you on your friendship, the time we spent collectively and lots of inspiring discussions. I am additionally thankful for help acquired so typically to unravel issues and overcome obstacles.
We got here to the Caribbean in 2001/2002 onboard our crusing yacht “Seven Seas” as a cease-over on our six-yr circumnavigation. We appeared out for a pleasant place within the sun from the BVIs to Grenada and purchased land in Egmont. After completing our lengthy-distance crusing, we got here back and constructed the home.
Once we had settled down, I intently watched and analyzed the state of affairs. The issue areas have been evident, could possibly be outlined and quantified. Nevertheless, I didn’t see actions to unravel them regardless of properly formulated strategy papers generated in abundance.
I had the phantasm that with my long and broad business-expertise, I could possibly be of help to help improve the financial state of affairs of the nation. What a misjudgment!
Throughout these 10+ years, many nations, many a whole lot of hundreds of thousands of individuals made substantial economic progress. The variety of nations with consecutive 6+ % yr-on-yr progress charges is impressive. The individuals of those nations are feeling they’re better off than years before. Some are in the same 12° N local weather zone as Grenada is.
Not so in Grenada (and your complete Caribbean). At the least I don’t see it. Backbones for financial improvement are in the same desolate situation, and even worse.
Roads are as dangerous as 10 years in the past, or worse. The number of accidents is rising. Some blue-eyed individuals say the elevated number of automobiles on the street is an indication of increased wealth. I doubt it. I consider it is just the mirror picture of demographics. Those immediately imported second hand automobiles are principally not properly maintained because of lack of funds; not an indication of increased wealth.
Just about every part falling beneath ICT is a disappointment and severely restricts financial improvement. The service degree of the ICT providers does not almost meet the worldwide degree. Don’t even think of Business four.0. While different nations will develop and use it and achieve progress, Grenada does not have the infrastructure for it.
Electrical energy has develop into slightly extra reliable through the years. Damaged gear in my home resulting from voltage peaks is less frequent than before. Grenlec may need accomplished even more, however I don’t blame them. The company is bullied by the Government on a fabricated case. Every enterprise-man or entity holds back with investment in such a hostile setting.
Banking providers are a elementary pillar of a properly-functioning financial system. What I see in the present day is kind of what I’ve seen 10 years in the past. This reality alone is a catastrophe. The same lengthy strains on the counters. Banks appear to be pleased with their primary eBanking solutions. I say, they need to be ashamed. The best way we do money transfers is many years back in comparison to up-to-date solutions. Local banks are stealing hours of our productive time every month. The government is lazily watching this.
Where native banks stand out, is in paperwork. The world’s banks comply with FACTA rules, similar guidelines for all nations. The best way native banks deal with these guidelines is in an enormous exaggeration – once more decreasing productiveness of the financial system.
I’m very involved relating to the NIS, Nationwide Insurance Scheme. The yearly performance on the fund is average at greatest. The minimal opening to the worldwide market and e.g. a minor funding in fairness are too little too late. There isn’t any Annual Report 2013 (and no Report 2017). A “combined” report 2013 and 2014 confirms indebtedness of the Authorities yr-end 2015 (!) of XCD 178 mio equal 20 % of the fund. What’s incorrect with this organization? It is outright dangerous to borrow entrusted cash, future pension revenue, to a authorities with a Normal & Poors Score SD, selective default with little prospect of restoration. I’m shocked that a government has the impertinence to use the pension fund of its individuals as lender of last resort.
The health sector is in itself cause sufficient for us to go away the nation. We aren’t the one ones. Many Grenadian Expats do not return after retirement due to this. I don’t see enchancment in healthcare for causes, I feel, I need not describe. Everyone is aware of them. It is tragic.
We brought in urgently wanted treatment on the peak of the chikungunya epidemic. The value was round XCD 250’000. All new materials in its unique packaging on pallets. When the PS noticed a desk and chairs within the container, she begged to get it for her own use. The Minister didn’t even give me a telephone call to say thanks.
There have been other most disagreeable circumstances which prompted us and different individuals to cease bringing and donating medical provide to the island. An extended apply of frequent shipments with hospital gear and drugs got here to an finish due to the frustration brought on by the ministry.
Tourism is a cluster danger. It’s pushed far an excessive amount of in comparison to other business sectors. The level of hospitality would wish vital improvement to match world class normal. Fortunately flight occasions from and to the US are brief enough to attract those visitors. One tsunami or air aircraft accident can break the sector for years.
The GIDC, a considerable organization, is here to help potential buyers establish enterprise activities in Grenada, however why is it not producing visible results? It isn’t due to the management of the GIDC. The issue is Authorities Ministries. They’re marginalizing and neglecting the GIDC. I introduced a 40-page enterprise case for a mio 12 USD funding in agriculture to the GIDC. It took them six weeks before the PS finally agreed to a meeting, they usually failed to rearrange a meeting with the Minister.
In the identical time-frame the PM made enjoyable of Grenada’s low score in the Ease of Doing Business Index in his price range speech. The score dropped even further the yr after.
Unfortunately, the GCIC, Chamber of Business and Commerce turned unimportant over the previous few years. What is left, is a relay station which sends out messages to tell of seminars and so on. carried out by different individuals and cricket video games.
These of you who know me properly, are conscious of many initiatives I took to deliver some improvement. Let me mention only some few.
Just about every day by day drawback was blamed on “bad or a lack of attitude” in 2010/2011. Public and private sector individuals have been of the identical opinion, a serious change was extensively desired. I took the initiative after consulting the then PM and recognized probably the most skilled consulting company for Change Administration, BCG, The Boston Consulting Group. Their record of successful worldwide reference tasks was impressive.
Because of my efforts their Quantity One, Practices Chief for Change Management came to Grenada to do a in depth survey over a number of weeks and submitted a proposal in October 2011. I convinced them to do it free of charge they usually additionally paid for his or her flight tickets.
The then Authorities didn’t even critically look into the proposal.
I am of the agency opinion this neglect was a capital mistake. The underlying drawback continues to be the identical as we speak and will probably be tomorrow.
Several success elements are needed to permit the personal sector to flourish and develop.
I discussed the poor high quality of infrastructure before, a critical impediment. One other one is the precise business setting, particularly to attract new corporations. To outline specialized financial zones is a worldwide, properly established follow for this objective. I visited as invited guest over 100 corporations in special economic zones in numerous nations. They are tailor made to particular necessities.
In an in depth paper I described how a particular zone might appear to be in Grenada. The thought was discussed in a number of meetings with the PS and employees within the Ministry of Finance. Some month later I have seen the regulation as authorised by the Parliament. The wording couldn’t be extra silly. The individuals writing the regulation had no clue of the matter. I was never consulted by them. For sure, the Special Zone never got here to life.
The most important failure was my try and put abandoned cocoa land into use once more. My associate was a highly reputable biologist with an distinctive monitor report of successful worldwide tasks in agriculture. Numerous conferences with Ministers had all the same nature: They have been late, and although they already had documentation they attended unprepared. They didn’t show curiosity, made no clear statements and stated good bye with lip service or even much less.
After 2 ½ years into our effort the PS proposed a MoU, Memorandum of Understanding, which we signed. Since this present day, the PS has not accepted any of my telephone calls nor answered any of my emails.
Grenada is the only nation on the planet with a monopoly state of affairs for the export of cocoa and nutmeg. All other cocoa or nutmeg rising nations have liberalized since long and prospered. The amount of cocoa right here is about 1/5 of what’s was (years earlier than Ivan). The quality is questionable. I took samples given to me by the GCA to chocolate manufacturers for quality evaluation. They failed in each instances.
Within the meantime, costs paid to the farmers have been lowered and witches-broom is spreading on the island. Farmers are complaining and missing help. This very affiliation refused to provide us a license to let us operate as a company, develop cocoa on abandoned unused land and employ estimated 300 individuals in permanent jobs.
The chairman of the GCA, a pastor, sat with me at a desk, seemed into my eyes and stated: “Peter, by my reputation, you will get the license”. The subsequent factor he did, was to signal a harsh letter stating the Affiliation’s authorized position to be the one organization exporting cocoa. The victims are the farmers and lots of unemployed people who might have a job and secure revenue since long. The jobs at the moment are in Guatemala.
Why is no one upset in Grenada?
I’m scripting this historical past as a result of it displays good actual-life examples of why Grenada is stagnating or much more probably on a downward path. I’m aware of revealed progress figures, those from the government and the lower ones from the IMF. Perhaps they’re even true. Reality is 90+ % of the individuals do not profit. If there’s some progress, it’s concentrated in the South and for a number of privileged individuals. The financial system is considerably under its potential and neither diversified nor strong.
A government with a plan to deliver the country forward appears and acts in a different way.
In summary, I gave up hope for better circumstances in Grenada. I’ve seen progress and constructive improvement solely in conditions where we supported individuals instantly. I am grateful for having met fascinating individuals which turned real pals. We had many good discussions whereas having dinner at our house.
I started to study golf in Grenada. I played with the identical teacher/caddy/companion all the years. Thanks for the corporate and due to the Golf Membership. Every Saturday afternoon brought a highlight: Hashing. Honest because of all the organizers. They do a tremendous job in establishing the paths each Saturday. In case I will miss one factor, it is going to be the hashes.
In leaving I’ve no dangerous feelings because of all of the disappointments. I needed a spot in warm climate and found it. Would I do it once more? The reply is not any.
Should you, a recipient of this message ever travel to my house nation, let me know and we’ll meet. I’ll recognize every e-mail, no purpose to lose contact.
I wish all of you all the perfect, the absolute best on this real world.